Quote:
Originally Posted by retiredguy123
I'll bet you a dollar that less than 10 percent of drivers with UM insurance have a million dollars or more in coverage. Most insurance companies will not even sell you more than $300K. And, even if you have $300K, the lawyer will take 30 to 40 percent of it. Also, I believe that the primary purpose for UM insurance is to pay for the medical bills of people who don't have adequate health insurance, so the state doesn't get stuck with the indigent bill.
My purpose is to get people to understand what they are buying with their auto insurance because most people are paying for UM coverage, but they cannot explain what it covers. If you don't believe me, ask a few people.
|
I think your real purpose is to get other people to stick their necks out and take on additional risk like you have done. After all, a State Farm insurance agent gave you this great advice. I wonder if that agent would be on the hook for costs you may be incurring due to lack of UM insurance...